D1 price is on primary bearish with secondary market rally: Chinkou Span line is near to be crossed with the price from below to above for good breakoutSinkou Span A line as the border of Ichimoku cloud/kumo is located exact above the price for now; if the price crosses this line so we may see the reversal of the price movement from primary bearish to the primary bullish market condition.Nearest support level is 1146.10Nearest resistance level is 1204.43 W1 price ...
MN price, XAUUSD. Ichimoku Analysis MN1 price is located below Ichimoku cloud/kumo and very far from Sinkou Span A line which is virtual border between primary bullish and primary bearish for highier timeframes on the chart. The nearest border of Ichimoku cloud is Sinkou Span B line which is on psy/key value of 1300.00: and if this line will be crossed with the price from below to above so we may see the secondary market condition within primary bearish (ranging ...
Weekly Forex Market Price Action Outlook – August 4th – 8th, 2014 EURUSD – Euro/dollar downtrend intact On Friday, the EURUSD found some buying interest finally, and made a run back up to the 8 day EMA dynamic resistance level. The trend is still down in this market, and our recent bearish bias has not changed; we are still looking to sell on a rally back to resistance. If the market moves back up to the 1.3480 – 1.3510 area, we will watch closely for a price ...
How to detect forex trends Detecting a trend is an important part of predicting direction in a currency pair. Tomorrow’s prices usually follow or continue today’s trend. There will, of course, be reversals and ranging behavior within the trend but it is easier to trade with a known trend than to predict when it changes. The task of the forex trader is to detect variations or waves of sentiment. The trader needs to ask: is there a shape to changes in sentiment and can it be detected? ...
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